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Case Summary

Contact: Hugh Corbett
CASE SUMMARY #201346
Managing Director, Enforcement
April 29, 2014
Phone: 416-943-4685
Email: [email protected]
MFDA Case Summary
Enforcement – Bulk Track Proceeding

This case summary was prepared by Staff of the MFDA.

Hearing Panel accepts settlement with Arron Appleton and imposes $2,500 Fine

Summary of
Following a Settlement Hearing on October 23, 2013, a Hearing Panel of the
Proceeding
Central Regional Council of the Mutual Fund Dealers Association of Canada
(the “MFDA”) accepted a settlement agreement between Arron Appleton
and Staff of the MFDA (“Staff”) in which Mr. Appleton admitted to
contravening MFDA Rule 2.1.1 by obtaining, maintaining and/or using
approximately 24 account forms in 8 client files where the account forms
were signed by the clients when the account forms were blank or only
partially complete, contained photocopies of client signatures, or were
altered with correction fluid after the client had signed the account form
without any evidence of client approval of the changes to the account form.
Under the terms of the Settlement Agreement, Mr. Appleton is subject to the
following penalties:
 A fine in the amount of $2,500; and
 Costs in the amount of $2,500.
Arron Appleton is currently registered as a mutual fund salesperson with
FundEX Investments Inc.. At all material times, Mr. Appleton operated out
of the Toronto, Ontario area.

For greater detail, see the Reasons for Decision, dated December 11, 2013
posted on the MFDA’s website in the “Enforcement” section under
“Completed Cases”.
DM #377766